Investor · 1 deal
$27 billion Canadian pension fund
Every published round OPTrust took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Skykraft | Unnamed stage | 16 Oct 2023 | $120m | Participant | SmartCompany (22 Dec 2023), SmartCompany (20 Oct 2023), Startup Daily (19 Oct 2023), proactiveinvestors.com, @AuManufacturing, Startup Daily (17 Oct 2023), SmartCompany (17 Oct 2023), Main Sequence Ventures portfolio |
Companies OPTrust has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Skykraft | 16 Oct 2023 | 1 | 0 |
Fund closes reported for OPTrust, as distinct from the investments it has made.
Companies OPTrust has backed that another company then bought. An exit for the holding, not a deal OPTrust did.
Stories naming OPTrust. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
OPTrust has tasked Lazard Australia with auctioning Flow Power, the Melbourne-founded green energy retailer it has majority-owned for eight years, with first bids due within a month.
Renewable electricity retailer Flow Power has bought comparison service Solar Choice, with backing from Canadian pension fund OPTrust. Solar Choice stays independent while its customers get access to Flow's retail plans.
Also RenewEconomy·RenewEconomy
US investment firm KKR has agreed to buy Zenith Energy, an Australian specialist in off-grid renewable power for mines, in a transaction reported at over A$2 billion following a bidding contest.
A year-end SmartCompany roundup counting down 2023's ten largest Australian startup raises, headed by Employment Hero's $263m Series F, with investor details and commentary on fewer mega-rounds and continued under-representation of women co-founders.
Roundup of eight Australian startup raises totalling $433m, topped by Employment Hero's $263m Series F and Skykraft's $120m round; Darwinium, Konvoy Kegs, The Martec and three Birchal crowdfunds complete the week.
Also AgFunderNews
Canberra startup Skykraft raised $120 million for its space-based air traffic management system, led by Foresight's Australian arm with Main Sequence Ventures and OPTrust, following an earlier $3.5 million round.
Canberra satellite firm Skykraft has raised $120 million to manage air traffic from space, with backing from Foresight Australia, OPTrust and Main Sequence; the round trails only Saluda Medical's this year.
Also Startup Daily·@AuManufacturing·proactiveinvestors.com·Startup Daily·SmartCompany·SmartCompany